As shutdown season begins, wish takes addressed that: a) PG&E's costs+rates+profit margins are subject to government approval; b) PG&E is a monopoly that could charge enough to profitably afford extensive maintenance work; c) PG&E shareholders get wiped out by big fire losses
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it's only like 1 in 10 fires started by the utilities, just happened to be two huge fires. normally it would be house insurance paying everything out and they know it.
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The state government gets taxes from those areas so it'd want to insure them. It'd likely also pass a bunch of laws on mandatory building hardening, land clearance, etc to keep the risk reasonable
End of conversation
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